One of China's two massive state-owned power distribution groups is understood to be in discussions to buy a sizeable stake in Abu Dhabi's power and water utility company, in a move that could free up capital for the emirate to invest in new power and water assets. China Southern Power Grid Co. has been linked to a bid to buy 10% of the Abu Dhabi National Energy Company, better known as Taqa. The price of the bid has not been made public, but based on Taqa's latest market capitalisation, a 10% slice could be worth something in the region of AED16 billion ($4.4 billion).
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